'Tesla Is About To Deliver A Record Performance In China' - Electrek
Portfolio Pulse from Happy Mohamed
Tesla (TSLA) is set to deliver record sales performance in China, with an estimated 155,000 vehicles to be delivered this quarter, a 13% increase from the previous record quarter. Despite this, Tesla's market shares are expected to decrease from 16% to 13% due to increased competition from local companies. Analysts suggest that Tesla needs to expand into China's lower-tier cities for further growth, but the cost of building service centers and stores could be a hindrance.
June 28, 2023 | 2:41 pm
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Tesla is expected to deliver record sales in China this quarter, but its market share is expected to decrease due to increased competition. Expansion into lower-tier cities could be costly.
While Tesla is set to deliver record sales in China, its market share is expected to decrease due to increased competition from local companies. This could potentially impact the company's future growth in the Chinese market. Additionally, the cost of expanding into lower-tier cities could be a hindrance to further growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100